Bernard assumed the role as CEO of IndyCar in March 2010, taking over for series founder Tony George. At the onset, he was vocal about increasing the sport's visibility among general audiences, expanding the schedule to markets that are important to advertisers, and achieving a 50/50 split of oval and road course races.[1] He also oversaw the ICONIC Project, which selected a new engine and chassis package for the 2012 season. It led to the return of Chevrolet and manufacturer competition to IndyCar.[2]

Bernard spearheaded a return for Indy cars to Las Vegas Motor Speedway in 2011, only to have the race end in tragedy. A year later, he was able to secure a return to Fontana in 2012, and Pocono for 2013. Under Bernard's tenure, the series also retired the name "Indy Racing League," and was re-branded starting in 2011 as "IndyCar."

On October 28, 2012, the Indianapolis Motor Speedway board of directors announced that Bernard had been removed as CEO of IndyCar.[3]

Pocono Raceway and IndyCar announce the return of the Tricky Triangle to the IndyCar schedule starting in 2013. It was Randy Bernard's last public appearance as IndyCar CEO. He was terminated 27 days later.